Companies feel betrayed after Centre capped vaccines at Rs 250: Kiran Mazumdar

February 28, 2021 | Updated 4:24 pm

Companies feel betrayed after Centre capped vaccines at Rs 250: Kiran Mazumdar Credit: Facebook

New Delhi: Executive Chairperson of Biocon Kiran Mazumdar Shaw on Sunday (February 28, 2021) said that vaccine companies feel betrayed as the price is too low to sustain. This comes after the Indian government capped the price of the COVID vaccine at Rs 250 per dose for the private clinics ahead of the second phase of the vaccination drive.

Mazumdar said, “Covid Vaccine Jab Capped At Rs 250 At Private Hospitals: Government – understand vaccine companies feel betrayed as the price is too low to sustain. If WHO has agreed to $3 per dose why beat them down to $2? We r crushing instead of incentivising the vaccine industry.”

She further said, “150 is $2 at the current rate of almost ₹73 to the $. 250 includes 100 for the hospital.”  The hospital is charging Rs 100 over the charge of the vaccine, which will bring the price of one vaccine to around 150 ($2).

The second phase of the vaccination will begin on March 1 in which people aged above 60 and people above 45 with co-morbidities will be given the vaccines.

Oxford’s Covishield and Bharat Biotech’s Covaxin was approved by the government for emergency use after which the vaccination drive began on January 16. In the first phase, three crores of Healthcare Workers and Frontline Workers will be vaccinated.

Meanwhile, in the second phase, 30 crores people are expected to be vaccinated due to which the government has now given access to vaccination inoculation to the private sector.